Me and my hubby are now where we qualify for a Chapter 7. I am curious because we stopped paying everything back in November, house & credit cards, loans, everything except for one of the two cars. We just did one voluntary repo so now we are down to one car payment but have no house payment until it forecloses or BK I don't know which will come first. Will that make our income look higher since we haven't been paying on any debts besides the car? What do they go by as far as if you pass the means test?
-
-
You need to complete Schedules I & J to compare your actual income to your actual expenses. That will indicate whether you have disposable income for repayment of your debts.Well, I did. Every one of 'em. Mostly I remember the last one. The wild finish. A guy standing on a station platform in the rain with a comical look in his face because his insides have been kicked out. -Rick -
Oh okay... got it that makes sense!
Thanks for the replyComment
Comment